Performance Optimization Software targets refinery industry.
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Press Release Summary:
Leveraging SimSci-Esscor® ROMeo® optimizer and Wonderware® Intelligence applications, Refinery-wide Performance Optimization Solution delivers real-time business operations management to refining industry. Program provides control loop performance management and rigorous unit optimization as well as LP vector updating for multi-unit planning optimization. Refinery-wide modeling enables users to identify most profitable processing of different crude oil feedstocks.
Original Press Release:
New Performance Optimization Solution from Invensys Can Improve Refinery Operating Margins up to 25 cents per Barrel
PLANO, TEXAS - Invensys Operations Management, a global provider of technology systems and software solutions to the process and manufacturing industries, today announced the release of its Refinery-wide Performance Optimization Solution. The company has leveraged and integrated multiple technologies from its solutions portfolio to deliver different aspects of real-time business operations management to the refining industry. From simple control loop performance management and rigorous unit optimization to LP vector updating for multi-unit planning optimization, customers will be able to optimize all of their refining assets and reap cost savings and margin improvements of up to 25 cents per barrel.
"Based on the collective feedback from the more than 50 customers who are already using the solution, as well as our own industry expertise, we believe the Refinery-wide Performance Optimization Solution is the most comprehensive refinery performance enabler in the marketplace, capable of delivering millions of dollars in savings each year," said Don Clark, vice president, industry solutions, Invensys Operations Management. "It enables companies to quantify and understand the financial impact of their business decisions in real time and ensures that their technology does not fall into disrepair as they pursue operations excellence related to safety, the environment and asset management. With a sustainable, tuned optimizer, our customers are also able to ensure optimal refinery planning by automatically downloading updated planning model LP vectors that can further drive the profitability of their refining operations."
The solution leverages Invensys Operations Management's SimSci-Esscor® ROMeo® optimizer and Wonderware® Intelligence enterprise manufacturing intelligence (EMI) applications. The backbone of Invensys' On-line Performance Suite, ROMeo software is the industry's leading unified modeling environment for off-line and on-line optimization and is being used to optimize operations in refineries, petrochemical and chemical plants worldwide. The Wonderware Intelligence EMI application acquires critical process and optimal performance data from the ROMeo optimizer and models and aggregates it with data acquired from other operational data sources, including laboratory information management systems, enterprise resource planning systems, manufacturing execution systems and refinery process historians, to provide deeper insight and tracking of refinery performance. The Wonderware Intelligence software can calculate and make readily available unique and extremely valuable key performance indicators to all plant personnel, allowing operators and executives to measure the real-time financial impact of the optimizer through flexible web-based dashboards.
With clear, measurable and visible benefits that can total millions of dollars per year, refining companies that utilize the solution can make better decisions about how to deliver long-term, sustainable benefits. Additional attributes of the Refinery-wide Performance Optimization Solution include:
o A scalable software platform that allows incremental, scalable deployment, all within a common architecture that helps ensure rapid ROI and the ability to grow as the benefits grow;
o The ability to layer the Wonderware Intelligence EMI solution on top of existing SimSci-Esscor ROMeo optimizer installations;
o Refinery-wide modeling to identify the most profitable processing of different crude oil feedstocks, which can help ensure the highest value product pools;
o Closed-loop optimization of individual units and naphtha pools, as well as the refinery's utilities and hydrogen systems;
o Refinery-wide mass balance data reconciliation to identify faulty meters and optimal yield accounting;
o World-class refinery solutions talent from Invensys that have a proven track record of enabling success.
For more information about refinery optimization please visit iom.invensys.com/optimization and download the free white paper Achieving Competitive Advantage from Refinery-Wide Business Performance Optimization.
About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities.
Invensys Operations Management's offerings are delivered under several prominent industry brands, including Avantis, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster, better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit iom.invensys.com.
Invensys plc (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
Invensys, the Invensys logo, Avantis, Eurotherm, Foxboro, IMServ, ROMeo, SimSci-Esscor, Triconex and Wonderware are trademarks of Invensys plc, its subsidiaries or affiliates. All other brands and product names may be trademarks of their respective ow
